After 3 months beating the market constantly, the Jakarta Stock Index (JKSE) finally beat our portfolio by 0.87%, not much, but it is still a disappointment. The grey line represents the abnormal return (Portfolio return - Index return) of the portfolio. Despite that, we made 74% from BSIM, and officially sold it on the 21st of July when the price suddenly jump 20% in just one day - which we thought a little bit weird and looks like it's going to be a rough ride going forward - hence we let it go. Despite the weird action, BSIM was one of our top stock, its monthly average was 19.92%, whereas its median is 0%, LITERALLY 0%, the high average is due to the sharp movement of 20% in one day. Our second top stock is ELSA, this stock also had a weird sharp movement on 13th of July, it jump to 58% in just one day, almost double in just one day. Unlike BSIM though, ELSA has a fairly high liquidity, thus we weren't very surprise on the big movement, and still have big hope with ELS...
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